Union Bank and Osaic Affiliate Savage And Associates Forge Strategic Partnership to Expand Financial Services in Ohio
TL;DR
Osaic's partnership with Savage and Associates and The Union Bank Co. offers clients a competitive edge through expanded investment services and personalized financial guidance in Ohio.
The strategic partnership transitions $127 million in assets under administration to Osaic, leveraging Savage and Associates' network to deliver tailored financial solutions to Union Bank's clients.
This collaboration enhances financial accessibility for rural communities, small businesses, and agricultural clients in Ohio, fostering economic growth and community development through personalized advisory services.
A historic partnership unites Osaic, Savage and Associates, and The Union Bank Co., merging nearly 190 years of combined expertise to revolutionize financial services in Ohio.
The Union Bank Co. has announced a strategic partnership with Savage and Associates, an office of supervisory jurisdiction affiliated with Osaic, one of the nation's leading wealth management strategy providers. This collaboration marks a significant step in expanding investment services across northwest and central Ohio, transitioning approximately $127 million in assets under administration from LPL to Osaic. The partnership is set to provide Union Bank's retail clients, small-business owners, and agricultural community members with access to a wider array of investment solutions and personalized financial advice through the Savage and Associates advisor network.
Brian D. Young, president and CEO of The Union Bank Co., expressed enthusiasm about the partnership, highlighting the nearly 190 years of combined experience in client service that this agreement builds upon. The partnership is rooted in a shared mission to deliver client-first, community-based financial guidance, with Union Bank's longstanding commitment to serving rural and close-knit communities since its founding in 1904.
J.R. Toland, president and CEO of Savage and Associates, emphasized the alignment of values between the two organizations as a cornerstone of the partnership. This alliance not only allows Union Bank to broaden its service offerings but also enables Savage and Associates to strengthen its regional presence. Supported by Osaic's technology and resources, the partnership is poised to enhance client offerings through a robust platform and an experienced advisor network.
Kristen Kimmell, executive vice president of business development at Osaic, underscored the partnership's significance in bringing together organizations with a deep commitment to client-centered service and community ties. This collaboration exemplifies Osaic's support for advisors through strategic partnerships and tailored resources, reflecting its ongoing commitment to empowering independent advisors and expanding in regional markets.
For more information about Osaic and its services, visit https://www.osaic.com.
Curated from citybiz